B of A Securities Initiates Coverage On Commerce Bancshares with Neutral Rating, Announces Price Target of $55
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Brandon Berman has initiated coverage on Commerce Bancshares (NASDAQ:CBSH) with a Neutral rating and set a price target of $55.
January 11, 2024 | 2:01 pm
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NEUTRAL IMPACT
Commerce Bancshares received a Neutral rating from B of A Securities with a price target of $55.
The initiation of coverage by a major analyst with a Neutral rating typically does not exert significant upward or downward pressure on a stock's price in the short term. The price target of $55 provides a reference point for investors but does not imply a strong movement expected, as it might already be aligned with the current trading range of the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100